The Italian headquartered iBuyer Casavo has announced that it is to expand its Spanish operations to Seville where it will initially invest some €10 million to acquire properties.
Casavo expects to do some 50 transactions in Seville this year with the help of a local team of 50 employees. Casavo's long term goal is to be involved in 5% of all housing transactions in the city.
The company opened up shop in neighbouring Malaga at the start of the year, in Portugal in January and in Barcelona in September. The Milan-based iBuying specialist founded by Giorgio Tinacci in 2017 first launched its Spanish operations in Madrid in early 2020.
Considering the number of headlines generated by American iBuyers, the model's European counterparts have gone slightly under the radar. The speculative model is alive and well in Europe, especially in Spain with the likes of Casavo, Clickalia, Housfy and Finnish rival Kodit.io all operating some variation of the model.
The online classifieds operator Digital Classifieds Group (DCG) has appointed an administrator and "registered liquidator" according to filings on the...
Read More
This week's People Roundup starts in China, with a big change at the very top of a real estate giant......
Read More
It's a big product roundup this week at Online Marketplaces. This week's roundup starts with a major rebranding exercise coming...
Read More
The Tinius Trust, through its holding company Blommenholm Industrier, is preparing to sell nearly a third of its remaining shares...
Read More
